Finance, Forex and Investments

Is the growth of Asian economies (China, India) a threat to the US?

Outsourcing is only a small part of their gigantic economy. From what I understand, India's agriculture sector is responsible for 30% of the total Indian economy. Same with China. Pink Angel, you're absolutely wrong. The growth of India and China is an advantage to Corporate America. They get to serve the growing middle class in both countries and earn more profits!

Public Comments

1. Out sourcing all our jobs to China & India is. Big co.'s & large textile & steel & just about every other comody is moving to either China or India because of cheep labor & low taxes if we keep loosing jobs at rate yes it will kill our economy. The Government needs to step in & give these Co's a reason to stay & keep the jobs state side.
2. A thread to our lives? No But they are emerging as big time world players, and the US isn't #1 anymore.
3. Our current batch of idiots running our government and corporations are the real threat. 1. Sending jobs out of the country is a threat to national security. When we can't make the electronics for our military equipment, that's a real threat. 2. Allowing corporations to pollute and poison the land and citizens is a threat to national security. If we allow them to spoil the land and make us sick (causing undo stress on the health care system). 3. Going to war for an unjust case is a threat to National Security (Gulf of Tomkin? Weapons of mass destruction?). Killing people and getting our troops killed is a REAL threat to national security.
4. Obviously it is to the US economically. Then again the US won't be able to survive much longer with its crap economy which depends almost entirely on debt and spending.
5. A threat to Corporate America, please get it right.
6. It will depress America for the next few years, until you can buy a widget from America as cheaply as you can from China. Don't hold your breath while you wait Election year is keeping the image going until the elections
7. Of course not. Their participation is what has opened up growth for American companies as much as it has enabled them to better their own lot in life.
8. The threat is with them buying oil. They are one of the major reasons that the price of oil is so high. We get a bunch of cheap junk from them, but we pay for it every time we fill our gas tanks.
9. Yes. We are to blame, the government is to blame, and corporate greed is to blame. We: We want "everyday low prices - always". So stuff that fills our shelves is made in China. Government: They listen to corporate lobbyists first and foremost. Corporations give to election campaigns and in return have "carte blanche" to do whatever they want. Corporate greed: Corporations want to maximize profits and minimize costs. They want Americans to pay top dollar for those goods and services, yet want to pay next to nothing to those that develop and manufacture these goods. The problem is the (1) the massive trade imbalance with China. China should import the same amount of finished good as we import from them. We should tax imports of countries that don't follow this (2) corporate taxation in the States is too high. Corporations that don't produce local jobs should be taxed at a higher rate. Corporations sometimes benefit by moving their operations off-shore to lower taxation levels. (3) Chinese Yuan pegged to the US dollar. (4) Salaries - if highly skilled jobs are sent to India, the Philippines etc, we are selling our future and education base. Today our telecom, aerospace, and biomedical technology is developed in India. We lose the skill-set. People won't want to study science and engineering. Tomorrow we'll have to go to India and China to develop our defense technology. We're saving a dime today but paying big-time tomorrow.
10. No.....we embrace their drive to make a better life for their citizens. Maybe we should focus more on education for our children so that we can be more competitive.